Workflow
South Korea's Lee calls for tougher penalties after Coupang data breach
Reuters· 2025-12-02 01:46
Core Insights - The massive customer data leak from Coupang has prompted South Korean President Lee Jae Myung to call for stronger digital privacy protections [1] - The incident is viewed as a significant wake-up call for the need to enhance data security measures across the e-commerce sector [1] Company Summary - Coupang, a major e-commerce platform in South Korea, has experienced a substantial breach of customer data, raising concerns about digital privacy [1] - The government is now focusing on developing plans to improve data protection in response to this incident [1] Industry Summary - The e-commerce industry in South Korea is under scrutiny following the data leak, highlighting vulnerabilities in digital privacy practices [1] - There is an increasing demand for regulatory measures to safeguard customer information and prevent future breaches [1]
Ascot Announces Pricing of C$150 Million Brokered Private Placement and Nebari Restructuring Terms
Globenewswire· 2025-12-02 01:40
Core Viewpoint - Ascot Resources Ltd. has announced a private placement offering of up to C$150 million in common shares, with additional options for raising up to C$25 million, aimed at funding the development of its Premier Gold Mine and Red Mountain project [2][3][8] Offering Details - The common shares will be sold at a price of C$0.60 per share, following a previously announced 50:1 share consolidation [4] - Ccori Apu S.A.C, a significant shareholder, will participate in the offering to maintain a 32% ownership stake [4] - Up to C$15 million of the offering may be sold as flow-through shares at a price of C$0.73 per share [5] Agent Compensation - The company will pay the agents a cash commission of 6.0% on the total proceeds raised, reduced to 2% for sales to significant shareholders [6] - Agents will also receive warrants to acquire shares equal to 6.0% of the shares sold, exercisable for 24 months from the closing date [7] Use of Proceeds - Net proceeds from the offering will be used for the development of the Premier Gold Mine and Red Mountain project, while proceeds from flow-through shares will be allocated to eligible Canadian development expenses [8] Closing Conditions - The closing of the offering is contingent upon receiving necessary stock exchange approvals and completing a previously announced rights offering and share consolidation [9] Securities Offering - The shares will be offered to accredited investors in Canada, U.S. investors under specific exemptions, and international investors in compliance with applicable laws [10] - The securities will be subject to a four-month hold period under Canadian securities law [11] Restructuring with Secured Creditors - The company is restructuring its agreements with secured creditors, including Nebari Gold Fund, with terms that include converting outstanding interest and principal to principal at closing and extending maturity to five years [15]
Omdia: China's PC market growth softened in Q3 2025 as consumer subsidy effects diminished
Businesswire· 2025-12-02 01:38
LONDON--(BUSINESS WIRE)-- #Notebook--New data from Omdia has revealed that China's PC market grew 2% year-over-year (YoY) to 11.3 million units in Q3 2025. Desktop shipments (including desktop workstations) reached 3.3 million units, an 8% increase driven by strong demand from the commercial segment, which saw shipments up 9%. Notebook shipments (including mobile workstations) remained flat at 8.0 million units, as the impact of consumer subsidies weakened during the quarter. The tablet market continued it. ...
MLTX Lawsuit: Hagens Berman Scrutinizing MoonLake's SLK Efficacy Claims After 90% Plunge; Focus on Nanobody vs. BIMZELX Superiority
Prnewswire· 2025-12-02 01:38
Core Viewpoint - The lawsuit against MoonLake Immunotherapeutics, Inc. centers on allegations that the company misrepresented the clinical efficacy of its product SLK compared to traditional monoclonal antibodies, particularly BIMZELX, leading to significant investor losses [2][3]. Legal Allegations - The lawsuit claims that MoonLake failed to disclose that SLK and BIMZELX share the same molecular targets (interleukin-17, or IL-17), which undermines the claimed competitive advantage of SLK [3]. - Allegations include that MoonLake misrepresented the Nanobody structure's ability to provide superior clinical efficacy, specifically in treating hidradenitis suppurativa (HS) [3]. - The stock price of MoonLake fell dramatically from $61.99 to $6.24, representing a 90% loss, following the disclosure of these issues [3]. Investor Actions - Hagens Berman is actively advising investors who purchased MLTX shares during the Class Period (March 10, 2024, through September 29, 2025) and suffered substantial losses due to the alleged undisclosed trial flaws [4]. - The deadline for investors to move the Court for appointment as lead plaintiff in the securities class action lawsuit is December 15, 2025 [1][4]. Firm Background - Hagens Berman is a global plaintiffs' rights law firm that has secured over $2.9 billion in settlements for investors in similar cases [4][8].
Karat Packaging (KRT) Sees Net Income Decline; BofA Downgrades Stock
Insider Monkey· 2025-12-02 01:36
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...
Endeavour Silver Prices Offering of Convertible Senior Notes
Globenewswire· 2025-12-02 01:35
Core Viewpoint - Endeavour Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise US$300 million, potentially increasing to US$350 million if the over-allotment option is fully exercised [1][2]. Summary by Sections Offering Details - The company plans to issue US$300 million in aggregate principal amount of convertible senior notes, with a potential increase to US$350 million if the initial purchasers exercise their option [1]. - The notes will bear a cash interest rate of 0.25% per annum, with an initial conversion rate of 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share, representing a 32.5% premium over the current market price [2]. Use of Proceeds - The net proceeds from the offering will be utilized to repay the senior secured debt facility with ING Capital LLC and Societe Generale, to advance the Pitarrilla project in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [1]. Closing Conditions - The offering is expected to close around December 4, 2025, pending customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]. Company Overview - Endeavour Silver is a mid-tier silver producer operating four mines in Mexico and Peru, with a strong pipeline of exploration projects across Mexico, Chile, and the United States, focusing on organic growth and value creation [6].
Apple just named a new AI chief with Google and Microsoft expertise, as John Giannandrea steps down
TechCrunch· 2025-12-02 01:34
In a carefully worded announcement on Monday, Apple said John Giannandrea, who has been the company’s AI chief since 2018, is “stepping down” to, well, not work at Apple anymore. He’ll stick around through spring as an advisor.His replacement is Amar Subramanya, a highly regarded Microsoft executive who spent 16 years at Google, most recently leading engineering for the Gemini Assistant. It’s a savvy hire, given that Subramanya knows the competition intimately. The move is being characterized as a shake-up ...
New Stratus Energy Announces Results for the Three and Nine Months Ended September 30, 2025 & Corporate Updates
Newsfile· 2025-12-02 01:33
New Stratus Energy Announces Results for the Three and Nine Months Ended September 30, 2025 & Corporate UpdatesDecember 01, 2025 8:33 PM EST | Source: New Stratus Energy Inc.Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce the consolidated financial and operating results for the three and nine months ended September 30, 2025 that have been filed on SEDAR+ (www.sedarplus.ca).Three Month ...
Officially, the search for a new Federal Reserve chair is still under way. Unofficially, the process seems to be all but over, with President Trump appearing to favor Kevin Hassett.
WSJ· 2025-12-02 01:32
Interviews for the position are still under way, but Hassett offers what other candidates don't: the president's trust and credibility with markets. ...